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It has converted property yes. I still argue that the program had the wrong metric at the start, and that some more creativity could have led to similar results with more public benefit. Like the Post-Secondary conversion, that is a much better result imo.

February isn't when I would measure 'mission not accomplished. With plenty of travel booked close to a year in advance, and a lot more than 4 months in advance.

Feb being down just because it has fewer days this year is a bit of a laugh. Otherwise, feb domestic and transborder up 0.4%, international 8.2%!.

That might be a bit high. 4 days of advance over the holiday weekend brought out a lot of people who would normally vote on election day.

would be the best case scenario. very interesting!

It was!

It could be the perennial university thing: headcount versus full time equivalents and which measure do you use where.

Makes me wonder about elevators, if even normal office use would be viable for upper floors, with dedicated, or higher speed/capacity elevators.

As far as I have seen, the sector is not close to the cap. In theory, if the markets supported new large projects otherwise, the cap could contribute to bad vibes which would stop projects from even being proposed. The feds have offered to pay 50% of the capital cost and 50% of the operating...

Issue is you need a veto proof majority, so 2/3rds, to take away the power. This is a tough one to solve.

My conception is that when it was an oil sands emissions cap (this was way back in the Notley years, as part of the grand deal that led to the TMX approval), there was no way that enough new projects would emerge that the industry would ever get close. Unless shale oil went away.

Yeah. The economists hate it too! It is a communications tool. A question is whether we are anywhere close to the cap, whether the cap is real or just a comms exercise. I don't know what ended up being concluded on that.

If you think that oil sands 6 or 8 million [barrels per day] is something that could exist, yes. It is also economically inefficient, to both have a national cap and trade, and then an arbitrary submarket within that cap and trade for oil and gas. Basically it ensures that oil and gas doesn't...

https://boereport.com/2025/04/08/western-canada-select-heavy-crude-discount-widens-2/ Different settled at just over $10 USD.

The Enbridge mainline to the usa was down to 20% utilization by the late 70s. I believe the plan is they will be. That is what the WHA did. Well, at least that once produced, the product will not be shielded from market forces in a submarket.

The biggest risk are true white elephant projects. But if we delay every project for 5 years of review to avoid the chance of a white elephant, how many projects are we missing out on, how much extra are we spending to finance all that process? The waste projects, as long as we can screen for...

I wonder how many Barcelona sized blocks could fit? That way, you could still have a safeway under one block, a food hall under another, etc, etc. I think Montreal would be where to look. Vancouver and Toronto accomplished this by making most other development sites or typologies impossible to...

Build then (eventually) flip. Just like the housing development company. Private capital is there, they just don't want the risk. Could even assemble the eventual investor group on the front end, somewhat like the Canada Infrastructure Bank. Not that you want to miss a year due to financial...

Some more pro-oil words from the Prime Minister: https://www.montrealgazette.com/news/canada/canadian-politics/article862233.html The Quebec line, is in line with what Poilievre says in french, when talking about respecting Quebec's jurisdiction. Or at very least, that is how people hear it...